- It seems that large (or small) health-care organizations are using MC simulation and stochastic optimization for better understanding and managing their budgets in various departments. That makes sense, since cost control is one of the main thrusts of health-care systems nationwide.
- I have seen quite a few articles on using MC simulation in the context of managing preventive care in mental health situations. The article from SAMSHA (The Substance Abuse and Mental Health Services Administration) I mention later is a great example.
- A few companies, which are manufacturers of health-care equipments, are using MC simulation in the manufacturing context, as in DFSS (Design for Six-Sigma), process capability optimization etc.
- Finally, a few other companies are using MC simulation for controlling parameters of certain health-care processes, e.g., simulating to find out what would be the optimal level of staffing to achieve certain quality of service.
Here are references to a few articles which talk about MC simulation in healthcare:
- Speaking the Language of Finance - nursing leadership - Statistical Data Included by Pamela S. Hunt
- Estimating the cost of preventive services in mental health and substance abuse under managed care by Anthony Broskowski and Shelagh Smith (SAMSHA Pub ID: SMA02-3617R)
- Making sure your operating asset allocation is on target by Thomas H. Todd. Strategic Financial Planning. Winter 2009.
- Application of Decision Sciences to Mental Health Policy by Center for Health Decision Science at Harvard School of Public Health. The page contains links to a few relevant papers.